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- By michael@cvcteam.com
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Amazon has launched a pharmacy business, offering to fill prescriptions for delivery by mail.
The retail giant barging in — its biggest foray into health care yet — reverberated through the industry on Tuesday. Shares of CVS were down about 8% at midday, while Walgreens tumbled 9% and Rite Aid 15%.
Prescription drugs are an industry worth hundreds of billions of dollars — and more people have turned to ordering medications by mail during the coronavirus pandemic.